Germany's annual inflation rate, as measured by the Consumer Price Index (CPI), rose to 2.0% in October 2024, an increase from September’s rate of 1.6% and August's rate of 1.9%.
Germany's annual inflation rate, as measured by the Consumer Price Index (CPI), rose to 2.0% in October 2024, an increase from September’s rate of 1.6% and August's rate of 1.9%, according to the Federal Statistical Office (Destatis). The primary contributors to this rise were higher food prices and a continued above-average increase in service costs. Energy prices, while still exerting a moderating effect on inflation, had less impact in October compared to prior months. On a month-to-month basis, consumer prices rose by 0.4% from September to October.
Source: Destatis
The U.S. dollar extended its gains on Friday as strong economic data and renewed trade tensions supported demand. President Trump’s announcement of new global tariffs and solid U.S. inflation figures lifted the greenback across the board.
Detail Fed Holds Rates, Dollar Rises, Euro and Pound Slide (31.07.2025)The U.S. dollar extended its strength after the Federal Reserve kept interest rates unchanged and signaled no immediate plans to ease, pressuring major currencies and precious metals. The euro fell to its lowest level since mid-June, while the British pound dropped toward a 2.5-month low.
Eurozone Growth Slows to 0.1% in Q2 Amid Trade UncertaintyAccording to preliminary data released on Tuesday, the Eurozone economy nearly stalled in the second quarter of 2025, expanding by just 0.1 percent. The figure marks a sharp deceleration from the 0.6 percent growth recorded in the first quarter and represents the weakest quarterly performance since late 2023.
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